The World Bank will now rank Greek cities on how easy they make it to start a business
What happened
The World Bank is expanding its "Business Ready" program to six cities in Greece. This means the World Bank will now publicly rank these cities on how easy it is to start and run a business there.
Why it matters
For years, the World Bank's "Doing Business" reports influenced how countries attracted investment. Now, this program is moving to the city level, which means local governments will face direct pressure to change their rules. Cities that score poorly might see less investment, while those that score well could attract more.
The signal
Watch for the first set of rankings to see which Greek cities are highlighted for good or bad business environments, and if local governments announce specific reforms in response.